Solana Meme Coin Snowball Surpasses $11M Market Cap, Now at $810K

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Market excitement around the Solana-based crypto meme coin Snowball continues to build, with its market cap peaking at over $11 million on December 23. As of now, it stands at $810,000, with a price of around $0.008. Snowball is the first Solana Meme coin to automatically direct 100% of Pump.fun creator fees to its own market-making. Listed for four days, it has sparked heated discussions on X. Some see its mechanism as creating real buying pressure and a 'snowball' effect, while others warn of FOMO-driven hype and developer wallet risks. Chainthink cautions that Meme coins are volatile and lack intrinsic value.
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